Global Aluminum Extrusion Market 2019-2023
Global Aluminum Extrusion Market: About this market
Aluminum extrusion is used to develop products with cross-sectional profiles in construction, electrical, machinery, transportation, and consumer durables industries. Technavio’s aluminum extrusion market analysis considers sales from the mill-finished, anodized, and powder coated segments. The products are sold to building and construction, automotive and transportation, machinery and equipment, consumer durables, electrical and electronics, and other end-users. Our analysis also considers the sales of aluminum extrusion in APAC, Europe, MEA, North America, and South America. In 2018, the mill-finished segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the thriving construction market in developing countries and the recovering real estate sector in developed countries will significantly help the mill-finished segment in maintaining its leading market position. Also, our global aluminum extrusion report has observed market growth factors such as increasing demand for aluminum extrusion from the automotive industry, growth of the real estate and construction industries, and growing demand for lightweight and high-performance materials. However, excess production capacity leading to increased fixed cost for manufacturers, growing competition from substitutes, and slowdown of manufacturing sector in China may hamper the growth of the aluminum extrusion industry over the forecast period.
Global Aluminum Extrusion Market: Overview
Growing demand for lightweight and high-performance materials
Aerospace and defense and automobile industries are significantly using lightweight and high-performance materials such as aluminum, carbon fiber, and composites. Among the high-performance materials, aluminum extruded products and highly preferred owing to their significant resistance to high temperature and thermal shock. These products are also completely recyclable with high recycling rate. These factors will increase revenue generation for market vendors. Therefore, growing demand for lightweight and high-performance materials will lead to the expansion of the global aluminum extrusion market at a CAGR of almost 4% during the forecast period.
Increasing adoption of pre-engineered buildings
The deployment of pre-engineered buildings is high in developed countries such as the US, especially in the residential sector. However, the concept of pre-engineered buildings is gaining rapid popularity in developing countries such as India, Brazil, and Argentina. Aluminum extruded products are widely used in pre-engineered building applications. Therefore, increasing adoption of pre-engineered buildings, a significant market trend, will have a positive impact on its overall growth.
For the detailed list of factors that will drive the global aluminum extrusion market during the forecast period 2019-2023, click here.
Competitive Landscape
With the presence of several major players, the global aluminum extrusion market is fragmented. Technavio’s robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading aluminum extrusion manufacturers, which include Arconic Inc., China Zhongwang Holdings Ltd., Constellium SE, Guangdong Fenglu Aluminium Co. Ltd., and Norsk Hydro ASA.
Also, the aluminum extrusion market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
- PART 01: EXECUTIVE SUMMARY
- PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
- PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Mill-finished - Market size and forecast 2018-2023
- Anodized - Market size and forecast 2018-2023
- Powder coated - Market size and forecast 2018-2023
- Market opportunity by product
- PART 07: CUSTOMER LANDSCAPE
- PART 08: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Building and construction - Market size and forecast 2018-2023
- Automotive and transportation - Market size and forecast 2018-2023
- Machinery and equipment - Market size and forecast 2018-2023
- Consumer durables - Market size and forecast 2018-2023
- Electrical and electronics - Market size and forecast 2018-2023
- Other end-users - Market size and forecast 2018-2023
- Market opportunity by end-user
- PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
- PART 10: DECISION FRAMEWORK
- PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- PART 12: MARKET TRENDS
- Increasing demand for solar energy
- Growing consumption of secondary aluminum
- Increasing adoption of pre-engineered buildings
- PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
- PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Arconic Inc.
- China Zhongwang Holdings Ltd.
- Constellium SE
- Guangdong Fenglu Aluminium Co. Ltd.
- Norsk Hydro ASA
- PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
- PART 16: EXPLORE TECHNAVIO
- Exhibit 01: Product offerings of Vendors
- Exhibit 02: Global metals and mining market
- Exhibit 03: Segments of global metals and mining market
- Exhibit 04: Market characteristics
- Exhibit 05: Market segments
- Exhibit 06: Market definition - Inclusions and exclusions checklist
- Exhibit 07: Market size 2018
- Exhibit 08: Global market: Size and forecast 2018-2023 (thousand t)
- Exhibit 09: Aluminum extrusion process
- Exhibit 10: Global market: Year-over-year growth 2019-2023 (%)
- Exhibit 11: Five forces analysis 2018
- Exhibit 12: Five forces analysis 2023
- Exhibit 13: Bargaining power of buyers
- Exhibit 14: Bargaining power of suppliers
- Exhibit 15: Threat of new entrants
- Exhibit 16: Threat of substitutes
- Exhibit 17: Threat of rivalry
- Exhibit 18: Market condition - Five forces 2018
- Exhibit 19: Product - Market share 2018-2023 (%)
- Exhibit 20: Comparison by product
- Exhibit 21: Mill-finished - Market size and forecast 2018-2023 (thousand t)
- Exhibit 22: Mill-finished - Year-over-year growth 2019-2023 (%)
- Exhibit 23: Anodized - Market size and forecast 2018-2023 (thousand t)
- Exhibit 24: Anodized - Year-over-year growth 2019-2023 (%)
- Exhibit 25: Powder coated - Market size and forecast 2018-2023 (thousand t)
- Exhibit 26: Powder coated - Year-over-year growth 2019-2023 (%)
- Exhibit 27: Market opportunity by product
- Exhibit 28: Customer landscape
- Exhibit 29: End-user - Market share 2018-2023 (%)
- Exhibit 30: Comparison by end-user
- Exhibit 31: Building and construction - Market size and forecast 2018-2023 (thousand t)
- Exhibit 32: Building and construction - Year-over-year growth 2019-2023 (%)
- Exhibit 33: Automotive and transportation - Market size and forecast 2018-2023 (thousand t)
- Exhibit 34: Automotive and transportation - Year-over-year growth 2019-2023 (%)
- Exhibit 35: Machinery and equipment - Market size and forecast 2018-2023 (thousand t)
- Exhibit 36: Machinery and equipment - Year-over-year growth 2019-2023 (%)
- Exhibit 37: Consumer durables - Market size and forecast 2018-2023 (thousand t)
- Exhibit 38: Consumer durables - Year-over-year growth 2019-2023 (%)
- Exhibit 39: Electrical and electronics - Market size and forecast 2018-2023 (thousand t)
- Exhibit 40: Electrical and electronics - Year-over-year growth 2019-2023 (%)
- Exhibit 41: Other end-users - Market size and forecast 2018-2023 (thousand t)
- Exhibit 42: Other end-users - Year-over-year growth 2019-2023 (%)
- Exhibit 43: Market opportunity by end-user
- Exhibit 44: Market share by geography 2018-2023 (%)
- Exhibit 45: Geographic comparison
- Exhibit 46: APAC - Market size and forecast 2018-2023 (thousand t)
- Exhibit 47: APAC - Year-over-year growth 2019-2023 (%)
- Exhibit 48: North America - Market size and forecast 2018-2023 (thousand t)
- Exhibit 49: North America - Year-over-year growth 2019-2023 (%)
- Exhibit 50: Europe - Market size and forecast 2018-2023 (thousand t)
- Exhibit 51: Europe - Year-over-year growth 2019-2023 (%)
- Exhibit 52: South America - Market size and forecast 2018-2023 (thousand t)
- Exhibit 53: South America - Year-over-year growth 2019-2023 (%)
- Exhibit 54: MEA - Market size and forecast 2018-2023 (thousand t)
- Exhibit 55: MEA - Year-over-year growth 2019-2023 (%)
- Exhibit 56: Key leading countries
- Exhibit 57: Market opportunity
- Exhibit 58: Total construction expenditure in the US 2010-2017 ($ billions)
- Exhibit 59: Global urban population 2010-2017 (%)
- Exhibit 60: Reasons for growth in excess capacity
- Exhibit 61: Exports of goods and services in China (% of GDP) 2006-2017
- Exhibit 62: Impact of drivers and challenges
- Exhibit 63: Global photovoltaic system installations – Year-over-year growth 2005-2016 (%)
- Exhibit 64: Recycling circle of aluminum
- Exhibit 65: Vendor landscape
- Exhibit 66: Landscape disruption
- Exhibit 67: Vendors covered
- Exhibit 68: Vendor classification
- Exhibit 69: Market positioning of vendors
- Exhibit 70: Arconic Inc. - Vendor overview
- Exhibit 71: Arconic Inc. - Business segments
- Exhibit 72: Arconic Inc. - Organizational developments
- Exhibit 73: Arconic Inc. - Geographic focus
- Exhibit 74: Arconic Inc. - Segment focus
- Exhibit 75: Arconic Inc. - Key offerings
- Exhibit 76: China Zhongwang Holdings Ltd. - Vendor overview
- Exhibit 77: China Zhongwang Holdings Ltd. - Organizational developments
- Exhibit 78: China Zhongwang Holdings Ltd. - Geographic focus
- Exhibit 79: China Zhongwang Holdings Ltd. - Segment focus
- Exhibit 80: China Zhongwang Holdings Ltd. - Key offerings
- Exhibit 81: Constellium SE - Vendor overview
- Exhibit 82: Constellium SE - Business segments
- Exhibit 83: Constellium SE - Organizational developments
- Exhibit 84: Constellium SE - Geographic focus
- Exhibit 85: Constellium SE - Segment focus
- Exhibit 86: Constellium SE - Key offerings
- Exhibit 87: Guangdong Fenglu Aluminium Co. Ltd. - Vendor overview
- Exhibit 88: Guangdong Fenglu Aluminium Co. Ltd. - Business segments
- Exhibit 89: Guangdong Fenglu Aluminium Co. Ltd. - Organizational developments
- Exhibit 90: Guangdong Fenglu Aluminium Co. Ltd. - Key offerings
- Exhibit 91: Norsk Hydro ASA - Vendor overview
- Exhibit 92: Norsk Hydro ASA - Business segments
- Exhibit 93: Norsk Hydro ASA - Organizational developments
- Exhibit 94: Norsk Hydro ASA - Geographic focus
- Exhibit 95: Norsk Hydro ASA - Segment focus
- Exhibit 96: Norsk Hydro ASA - Key offerings
- Exhibit 97: Validation techniques employed for market sizing
- Exhibit 98: Definition of market positioning of vendors